We Make Planning Your Legacy Easy
Whether you wish to put your donation to work today or after your lifetime, we’ll construct a charitable plan that meets your goals. With your help, we can continue to ensure that people with disabilities are valued, respected and included.
Bequest in Will
You can have VLPF as a beneficiary to your will.
Example Bequest Language
The below language is an example of wording that may be used to name the VLPF as a beneficiary of your will:
I give to the Vaquero Legacy Preservation Foundation, a nonprofit corporation currently located at 5632 FM 2828, Bandera, Texas 78003, or its successor thereto, _________ [written amount or percentage of the estate or description of property] for its unrestricted charitable use and purpose.
Outright Gift of Securities
A tax-smart donation, a gift of appreciated stocks, bonds, or other marketable securities that you have held for more than you year.
Tax-Smart Donation
If you would like to support the VLPF with a tax-smart donation this year, a gift of appreciated stocks, bonds, or other marketable securities that you have held for more than one year is a great option.
Your Benefits
Receive a double tax benefit when you make a gift of appreciated securities owned for more than one year:
- Qualify for a federal income tax deduction based on the current fair market value of the securities, regardless of their original cost.
- Reduce or eliminate capital gains taxes on any increase in the value of the securities.
Steps to Take to Make Your Gift
- If you hold the physical securities, you can hand-deliver them to a VLPF Board Member or mail the stocks and stock power to the VLPF.
- If you don’t have possession of the physical securities, you can instruct your broker to electronically transfer your intended shares and notify John Hantak at info@vaquerolegacy.org once the transfer is complete.
Donor Advised Fund
Similar to a charitable savings account, gives you the flexibility to recommend how much and often money is granted to VLPF.
A donor advised fund (DAF), which is similar to a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to the VLPF and other qualified charities. You can recommend a grant or recurring grants to make an immediate impact, or use your fund as a tool for future charitable gifts.
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You can also create a lasting legacy by naming the VLPF as the beneficiary of the entire account or a percentage of the fund. With a percentage, you can create a family legacy of giving by naming your loved ones as your successor to continue recommending grants to charitable organizations. Contact your fund administrator for a beneficiary form.
IRA Charitable Rollover
Make a difference today and save on taxes at the same time. It’s possible when you support the VLPF through your IRA.
Special Opportunity for Those 70 ½ Years and Older
Give any amount (up to a maximum of $108,000) from your IRA directly to a qualified charity such as the VLPF without paying income taxes on the funds. Gifts of $108,000 or less are eligible for this benefit. This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short.
Why Consider This Gifting Option?
- Your gift will be put to use today, allowing you to see the difference your donation is making.
- If you are required to take minimum distributions, you can use your gift to satisfy all or part of your obligation.
- The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Since the gift doesn’t count as income, it can reduce your taxable income. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
- No matter your age, you can designate the VLPF as a beneficiary of all or a portion of your IRA and it will pass to us after your lifetime, tax-free.
Charitable Gift Annuities
If you would like to supplement your income during your retirement years and qualify for tax benefits, consider establishing a charitable gift annuity.
How It Works
Make a donation and, in turn, the VLPF pays a fixed amount each year to you alone, or to you and another person you select. The rate of payment is set at the time of your gift and doesn’t fluctuate with the stock market, interest rates, or inflation. After the lifetime(s) of the person(s) receiving payments, the remaining balance is used to support the VLPF’s mission.
Your Benefits
- You have potential to receive increased disposable income.
- You are eligible for an income tax deduction for a portion of the gift when you itemize.
- A portion of your donation is tax free throughout your estimated life expectancy.
- Any long-term capital gains income can be reportable over your life expectancy, in most cases.
- After your lifetime, the remaining portion of your gift will support our mission, helping to fulfill your charitable goals.
- You may qualify to fund your gift using IRA assets. If you are 70 ½ or older, you can make a one-time election of up to $54,000 to fund a gift annuity. While your gift does not qualify for a tax deduction, it does escape income tax liability on the transfer and counts toward all or part of your required minimum distributions.
Steps to Take to Make Your Gift
- Determine which asset to donate. You can fund your gift annuity with cash, stocks, bonds, or another asset.
- State who should receive the payments. You can receive payments for life, or you can provide payments for another individual.
- Decide your payment date. Your payments can begin immediately, or you can defer the start of your payments. Deferring your payments can increase your annual payout as well as your tax deduction.
- Contact John Hantak at info@vaquerolegacy.org to help you determine, with your financial advisor, if a gift annuity is right for you.
Charitable Remainder Trusts
If you would like to receive reliable payments while making a significant contribution to the VLPF, you may want to consider a charitable remainder trust.
How It Works
With this type of gift, you create the trust and fund it with assets, such as cash, real estate, or appreciated securities. You receive income (either a variable or fixed dollar amount) each year for the rest of your life or for a period of up to 20 years from the trust. At the end of the trust term, the balance in the trust goes to support the VLPF’s mission.
Your Benefits
- Qualify for an income tax deduction when you itemize
- Up-front capital gains tax elimination
- Potential for increased disposable income
- Professional management of assets available
Steps to Take to Make Your Gift
- Decide which asset to donate. You can fund your trust with a variety of assets. Appreciated securities you’ve owned for more than one year are an ideal choice because you can potentially boost your cash flow with a higher payout from the trust.
- Choose who receives the payment. Your trust can make payments to you and other beneficiaries you choose, such as a spouse or a child.
- Determine the length of the trust. The term of your trust can be the lifetime of the beneficiaries you select or for a period of up to 20 years.
- Contact John Hantak at info@vaquerolegacy.org to help you determine, with your financial advisor, if creating a charitable remainder trust is right for you.
Life Insurance
If you would like to help create a future of full equity, access, and inclusion at little cost to you, a gift of life insurance may be right for you.
Name VLPF as Beneficiary
If you would like to obtain the flexibility to change your mind at any time by retaining ownership of a policy, you can:- Name us as the primary beneficiary for a percentage of the policy.
- Name us as the contingent beneficiary to receive benefits only if your primary beneficiary predeceases you.
Name VLPF as Owner
You may be entitled to a charitable tax deduction (when you itemize) for the value of a policy, future annual premiums, or both when you:- Transfer ownership of an existing policy.
- Purchase a new policy and name us as the owner.
Retirement Plan Assets
While 401(k)s, IRAs, and other retirement plans are excellent vehicles for accumulating assets for your use during retirement, much to many people’s surprise, they are a far less attractive way to pass an inheritance to loved ones. Click to learn why.
The Tax Burden
Retirement plan assets are subject to income taxes when you name anyone other than your spouse as a beneficiary. These taxes can deplete a portion of your hard-earned savings, leaving less for heirs than you had hoped.
A Charitable Solution
If you would like to include a gift to help children and families through your estate, consider the tax-smart strategy of naming the VLPF as the beneficiary of all or a portion of your retirement plan assets. Because of our tax-exempt status, the full value of your retirement plan assets make a difference and strengthen our life-changing disability and community services.
Steps to Take to Make Your Gift
Donating retirement plan assets is easy. And if you need to change or revoke your gift at any point during your lifetime, you can. Simply take these steps:
- Contact your retirement plan administrator for a change of beneficiary form, or download the form from your provider’s website.
- Determine what percentage (1-100) you would like us to receive.
- Name the VLPF and designate the gift percentage on the form.
- Return the form to your plan administrator.
- Contact John Hantak at info@vaquerolegacy.org to let us know of your plans.
Will or Living Trust
One of the easiest and most popular ways to make an impact at the VLPF is to include a charitable bequest in your will or living trust. This gift allows you to leave a legacy of support for children with disabilities, their families, and communities without affecting your cash flow today.
With a gift in your will or living trust, you can designate a percentage of your estate so that your gift remains proportionate to the size of your estate. Alternatively, you can designate a certain amount of cash, securities, or property. Either way, your gift allows you to retain full control of your assets now, while ensuring that the VLPF continues to promote full access, equity, and inclusion for all.
Why Consider This Gifting Option This gift is:
- Easy. A few sentences in your will or living trust completes the gift.
- Revocable. Until your will or trust goes into effect, you are free to alter your plans.
- Versatile. You can give a specific item, an amount of money, a gift contingent upon certain events or, most commonly, a percentage of your estate.
Steps to Making Your Gift
- Determine whether you’d like to make a gift of a specific amount or a percentage of your estate. Decide whether you would like to direct your gift to a specific program or leave it unrestricted.
- Take our bequest language to your estate planning attorney to include in your will or living trust.
- Contact John Hantak at info@vaquerolegacy.org to inform us of your gift so we can thank you and ensure your bequest is fulfilled in the manner you intend.
Other Ways to Give
We offer lots of ways to give to the Vaquero Legacy Foundation.